Trump tax cut to draw dollars away from Australia

The Australian economy risks losing investments worth tens of billions of dollars, and suffering lower economic and wage growth, as a result of Donald Trump’s tax cuts. Both Treasury and independent tax analysts say the fall in the US corporate rate from 35 per cent to 20 per cent generates a large enough gap with Australia’s 30 per cent rate to have a big effect on investment flows. USSC research fellow Jared Mondschein is quoted in this report by The Australian.